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7 Shareholders’ equity

Before appropriation of result

 

Issued capital

Share premium

Statutory reserve participations

Retained earnings

Net result for the year

Total equity

Balance at 1 January 2019

225

41,367

3,504

(15,119)

3,175

33,152

Net result for the year

-

-

-

-

4,264

4,264

Appropriation of result

-

-

-

3,175

(3,175)

-

Change in statutory reserve participations

-

-

957

(957)

-

-

Dividend paid

-

-

-

(3,000)

-

(3,000)

Balance at 31 December 2019

225

41,367

4,461

(15,901)

4,264

34,416

Before appropriation of result

 

Issued capital

Share premium

Statutory reserve participations

Retained earnings

Net result for the year

Total equity

Balance at 1 January 2018

225

41,367

-

(12,275)

4,660

33,977

Inclusion of statutory reserve participations

  

2,151

(2,151)

-

-

Net result for the year

-

-

-

-

3,175

3,175

Appropriation of result

-

-

-

4,660

(4,660)

-

Change in statutory reserve participations

-

-

1,353

(1,353)

-

-

Dividend paid

-

-

-

(4,000)

-

(4,000)

Balance at 31 December 2018

225

41,367

3,504

(15,119)

3,175

33,152

Share capital

The shares have a face value of 1 euro. As at 31 December 2019, a total of 225,000 shares had been issued and paid up.

Legal reserve participations

To improve the transparency of Bouwinvest’s capital position, the company has formed a legal reserve participations for its financial position in the real estate funds. For comparison purposes, the recognition of the reserve has been accounted for retrospectively.

Result appropriation 2018

On 17 April 2019, the General Meeting of Shareholders adopted the 2018 financial statements. The General Meeting of Shareholders resolved to pay out a dividend of € 3,000,000 for 2018 and to add the remaining result of € 175,000 to the retained earnings.

Proposal for appropriation of profit 2019

It will be proposed to the General Meeting of Shareholders that it approve the addition of the result for 2019 of € 4,264,000 to the retained earnings, in line with the capital policy. The addition of this result will facilitate the growth of the organisation with a strengthened shareholders’ equity.

This proposal has not been incorporated in the financial statements.

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